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Home ON Kitchener - Cambridge - Waterloo Waterloo Region Kitchener Mill Courtland Woodside Park
197 PALMER AVENUE
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197 PALMER AVENUE $949,900
$949,900
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197 PALMER AVENUE
Kitchener, Ontario N2G3P7

MLS® Number: X12487269
3 + 1
Bedrooms
3
Bathrooms
1500 - 2000
Square Feet

Listing Description

Don't miss this exceptional opportunity to own a cash-flowing, fully updated legal triplex in the heart of the city. Perfect for the savvy investor or owner-occupant, this property offers impressive income potential with top-to-bottom renovations. The main floor and upper unit are currently vacant, freshly painted, and ready for immediate possession. The lower unit is tenanted, providing instant income. This property has been meticulously upgraded with a modern metal roof, new windows and doors, and updated electrical and plumbing systems meeting today's standards. Inside, each suite features stylish new flooring, contemporary bathroom finishes, private entrances, and in-suite laundry for ultimate tenant appeal. Outdoor spaces include spacious verandas and balconies, perfect for enjoying morning coffee or evening sunsets. Move-in ready and designed to attract high-quality tenants, this triplex combines modern convenience, classic charm, and strong income potential. Whether you're looking to expand your portfolio or move into one unit and rent out the others, this is a turnkey investment you won't want to miss! (41530745)

Location Description

Cross Streets: Courtland Ave East. ** Directions: Take Courtland Ave E exit, Right on Palmer Ave.

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2
Square Footage
1500 - 2000 sqft
Land Size
40.1 x 90.1 FT
Age Of Building
100+ years
Annual Property Taxes
$4,110.67
Parking Type
No Garage
Time on REALTOR.ca
47 days

Building

Bedrooms
Above Grade
3
Below Grade
1
Bathrooms
Total
3
Interior Features
Appliances Included
Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Features
Separate entrance
Basement Type
Finished
Building Features
Foundation Type
Poured Concrete
Rental Equipment
Water Heater
Heating & Cooling
Cooling
Wall unit
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Community Features
Community Centre
Amenities Nearby
Public Transit, Place of Worship, Schools, Hospital
Parking
Parking Type
No Garage
Total Parking Spaces
3

Measurements

Square Footage
1500 - 2000 sqft

Land

Lot Features
Frontage
40 ft ,1 in
Land Depth
90 ft ,1 in
Other Property Information
Zoning Description
R5
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